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Late Chinese leader Mao Zedong is seen on a 100 yuan banknote in this photo illustration taken in Beijing

Yuan-Denominated Gold ETF, World's First, Has Weak Debut

The world's first yuan-denominated gold exchange-traded fund (ETF) made a weak debut on the Hong Kong stock exchange on Tuesday, but analysts said demand would likely pick up as investors became more familiar with the product.
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Top Goldman Sachs Dealmaker to Retire

Goldman Sachs Group said on Monday that George Mattson, a co-head of the firm's global industrials group, will retire after an 18-year career at the investment bank.
No. 2 Empire State Building, New York City

Empire State Building Owner Files for IPO

The Malkin family, owner of the Empire State Building and other properties in New York and Connecticut, has filed for an initial public offering that will allow the public to own a piece of the storied Art Deco landmark.
Olympus Corp President Shuichi Takayama bows after speaking at a news conference in Tokyo February 13, 2012. Japan's scandal-hit Olympus Corp on Monday forecast a $410 million full-year net loss due to its ailing camera business and tax asset writedo

Olympus Expects Net Loss, but Core Business Seen Unscathed

Scandal-hit Olympus Corp on Monday forecast a $410 million full-year loss due largely to its ailing camera operations, but strength in its endoscope business suggested its core division would emerge from the debacle unscathed and its president said it might try to go it alone without seeking outside capital.
Gold coins

Barrick Gold to Sell Stake in Russia's Highland Gold

Canada's Barrick Gold, the world's largest gold producer, plans to sell its 20 percent stake in Russia's Highland Gold, pulling out of one of the world's most promising - but also toughest - gold frontiers.
State Bank of India

SBI Q3 Beats Forecast, but Bad Loans Rise

The State Bank of India (SBI), the country's biggest lender, reported an unexpected rise in bad loans for the third quarter, taking the shine off healthy growth in loan demand and interest income that helped it post a 15 percent rise in net profit.
Turkmenistan's President Kurbanguly Berdymukhamedov in Moscow in this March 24, 2009 file photo.

Turkmenistan Leader Appears Likely to Win Easy Re-election

Turkmenistan votes on Sunday in a one-sided election certain to extend the rule of President Kurbanguly Berdymukhamedov over a Central Asian country holding 4 percent of global natural-gas reserves, which rights groups rank among the world's most repressive.
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America Movil Plans Heavy Investments in 2012

America Movil SAB, the Mexican telecommunications firm, plans to make capital expenditures of $8.5 billion to $9 billion in 2012 as part of its investment plan in networks and focus strategy on subscriber growth.
South Africa's President Jacob Zuma gives a statement after meeting with Libyan leader Muammar Gaddafi at Gaddafi's Bab al-Aziziya residence in Tripoli April 10, 2011.

SA's Pres Nixes Mine Nationalization

President Jacob Zuma squashed more than two years of talk on Friday about the nationalisation of South Africa's massive mining sector, saying state control or ownership of the mines in the world's biggest platinum producer could not work.
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Doubts on Greece Deal Weigh on Asian Stocks, Euro

The euro and Asian shares pulled back Friday as investors remained concerned about prospects of restructuring Greece's debt and global lenders demanded more steps even after it struck a long-awaited deal on fiscal reforms.
Company logo shown at headquarters for Oracle Corp shown in Redwood City

Oracle Buying Taleo for $1.9B as Cloud War Brews

Oracle Corp agreed to buy Taleo Corp, a maker of Web-based software for recruiting employees, for about $1.9 billion, as technology giants battle for the top spot in the fast-growing cloud computing market.

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